The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-06-26
PRESIDENT CLEVELAND.

The nToney He Has Made and the Use He
VIII Probably Make of It.
Special to the indianapolis Journel
WASHINGTON, June 25.- In view OF the fact
that more than half Of the term o. President
Cleveland has expired. and of the further fact
that the chances OF his reelection are not nearly
so good rs they were, good deal Of interest Is
shown in the probable future Of the first Demo-
cratic President since the war 1t has been
stated that Mr. Cleveland does not expend more
than half his salary, IL. indeed his expenses exs
ceed 40 per cent Of his income, and he will
doubtless have at least 800 900 of his compensa-
ton as President remaining when he leaves the
White House, if he does leave it the 4th Of
March. 1850. A friend of his, who is in posi-
ton to speak with force this subject, says
that when he was inaugurated the President had
$65, 900 in hard cash. This money was made
principally out of his fees while sheriff Of Erie
county. His four political campaigns IN which
he was elected successfully to the shrievalty OF
Eric county, to the position Of Mayor of Buffalo,
Governor of New York aud President Of this
United States, cost him, in all. in round fguress
500 COO 1t cost great deal more than this to-
elect him to these various Offices of course. but
500 coo covers the amount which Cleveland him
self paid out With tho SOS, 600. therefore, that
he had when he entered the White House. ths
sr00. 900 which he will save, and the fortune Oh
his wife, President Cleveland will have IN the
neighborhood of $780, 900 as fortune upon
which to begin life anew when he leaves the
White House. Carefully invested this would
yield him an income sufficient to take care Of
him very comfortably for the rest of his days.
sTn what is this money investeda' inquired
your correspondent
II don't think the President has any invest
ments other than bank deposits. He was never
OF the speculative turn of mind, and never en-
gagged in a speculative enterprise. I think the
great portion Of his money, at least. is deposited
in banks in Albany and Buffalo, with, perhaps,
some in New York, and do not believe that
Cleveland is likely to invest it anywhere in tha
hope of securing big dividends. unless he is abb
solutely satisfied that his investment will be
safe. When he dies his wife will have. PERI
haps, $2O, 600 from life insurance policies to add
to his savings. He has very heavy insurance
on his life, for the reason that within the past
two or three years the principal companies have
instructed their agents that they do not care for
risks on the life Of the President, because of his
mode of living and his disposition to
apoplexy. He will probably devote
his time to ease and comfort.
It is likely that his nama
will be in demand for the presidency of one or
more corporations, and from this source he Will
be able to derive a very respectable income. '1
do not think" continued this gentleman, tia
the President will return to the practice of Law.
While he has been an exceedingly close student
since he was elected President, his past life
shows that ne was not fond of musty w-books,
and that. although he was we'll posted generally
when he was engaged in legal proceedings be-
fore the courts, he always crammed for the oc-
casion and seldom started without close study
and careful attention to the books for weeks be.
fore argument in the case in which he was inter.
ested began While he has shown that he can,
on occasion, devote himself assiduously to the
law-books, he does not like to pore into knotty
questions and 1t is safe to say that he will not do
so when he retres from public life if he can pos
sibly avoid it. Altogether it is safe to predict
tbs. IL Grover Cleveland ends his public careeI
with the close of his presidential term he will
take as much during the balance of his life
as he can, and the money he will have at his dis
posal will enabls him TO indulge bis taste to the
fullest extent"